Strategy signaled renewed bitcoin buying conviction as Michael Saylor posted “more orange” during a brutal crypto selloff, reinforcing expectations the firm will accumulate again even as prices slipped below key psychological levels.

Bitcoin is changing hands at $78,199 per coin as of 9:55 a.m. Eastern time on Feb. 1, 2026, while derivatives traders quietly take their foot off the leverage pedal. Futures open interest and options positioning point to a market more interested in risk control than moonshot bets.

Bitcoin is priced at $78,634 as of Feb. 1, 2026, with a total market capitalization of $1.57 trillion. Over the past 24 hours, trading volume runs high at $83.65 billion, with intraday price swings ranging from $77,082 to $82,733. The market attempts to stitch together a recovery narrative—but for now, it’s more bandage than breakthrough.

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Citgo buys Venezuelan heavy crude once again, El Salvador buys the gold dip, and Nubank receives approval to launch as a digital bank in the U.S.

The European Commission sends formal notices to 13 EU member states over delayed or incompatible transposition of EU crypto tax transparency and MiCA rules.

Jim Bianco claims that bitcoin will need to find another narrative now that market adoption is a given and that all events and news regarding this subject are already priced in. “That engine is now out of fuel; stop chasing a ghost,” he added.

OFAC sanctions senior Iranian security figures, Babak Zanjani, and two UK-registered crypto exchanges for aiding the IRGC and human rights abuses.

Strategy, the company at the center of the bitcoin treasury playbook, is now in the sights of crypto enthusiasts, after BTC slipped below the company’s average acquisition price. While Saylor has repeatedly stated he wouldn’t sell any bitcoin, speculation has surged around this subject.

Binance is pushing back hard against blame for October’s crypto flash crash, arguing macro shocks, leverage and liquidity dynamics — not exchange failures — drove a synchronized global sell-off that hit crypto and equities alike.

Nu, the Latam-focused neobank, has reached a milestone by receiving a conditional approval to establish a national bank in the U.S., Nubank N.A. The organization, which serves over 127 million customers, says its new challenge will be to prove that digital-first services are the future of the financial services industry.

U.S. crypto regulation is entering a decisive new chapter as federal leaders move to align oversight, clarify rules, and cement American dominance in digital asset markets through coordinated action across agencies and existing regulatory authority.

RLUSD is gaining momentum as independent audits confirm full reserve backing, regulatory alignment, and growing institutional confidence, strengthening its position across crypto and traditional markets while signaling deeper liquidity, wider adoption, and rising trust.

Silver faces mounting downside risk as extreme valuation signals flash warnings, with intermetal comparisons suggesting prices remain stretched and vulnerable to a sharp reversion even after a significant pullback.

Following the capture of the President of Venezuela Nicolás Maduro, reports indicate that the U.S. has sold its first shipment of Venezuelan crude, fetching $500 million. At the same time, oil—the world’s second-largest asset by market capitalization—has climbed nearly 14% since the start of the year amid geopolitical strain and escalating trade wars.

Bitcoin’s price is having a rough day, sliding 8.3% over the past 24 hours and 13.6% across the last seven days, touching an intraday low of $75,555 on Bitstamp at 1:30 p.m. Eastern time. What follows is a closer look at three factors that have succeeded in keeping bitcoin prices pinned to the mat.